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Hong Kong: Startup app firm targets agents & advisers

Source: Asia Insurance Review | Sep 2017

Hong Kong InsurTech Agents/Advisors

Startup insurance app CoverGo said it has built up a pool of agents, brokers and financial advisers who are using the app, who in turn deal with over 30 insurance firms.
   CoverGo allows users to package their existing insurance policies into a “digital insurance wallet”, allowing them to better manage the policies they own, and highlight areas in which they might lack cover. They can also obtain information about policies they are considering buying.
   Over 1,000 users in Hong Kong have already registered with the app since its launch in beta in February, reported The South China Morning Post citing Mr Tomas Holub, the company’s founder and CEO.
   Financial advisers and agents pay subscription fees ranging from HK$100 (US$12.80) to HK$200 to use CoverGo as a tool to manage their own clients’ policies and map out their needs. A 
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